$479,000

For sale

#1611 25 The Esplanade, Toronto (Waterfront Communities) - Single Family for Sale

#1611 25 The Esplanade, Toronto (Waterfront Communities), Ontario, M5E1W5

1 bed1 bath0 parking650 ft²$590/mo condo feeListed 18 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $479,000, it is attractively priced about 24% below the $629,900 median asking price in Toronto. It has been on the market 18 days, fresher than the Toronto average of 57 days.

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Description

Welcome to the iconic 25 The Esplanade, where downtown living meets comfort and convenience. This approximately 650 sq. ft. one-bedroom suite features a spacious and functional layout, large windows, fantastic city views and plenty of natural light. A custom-designed closet provides exceptional storage, while the generous bathroom features a tub/shower combination and its own linen closet. Ready for an update, the suite is a great opportunity to renovate and create a space that reflects your own style. Perfectly situated just off Yonge, you'll be steps from Union Station, St. Lawrence Market, Harbourfront, the Financial District and an endless selection of restaurants and shops. Enjoy 24-hour concierge and security, multiple sky garden terraces, a 6th-floor BBQ terrace, fully equipped gym, sauna, whirlpool, party room, billiards room and 33rd-floor media room with spectacular views. A fantastic opportunity to make your mark on a generously sized suite in one of downtown Toronto's most recognizable buildings. (id:66096)

Property Details

MLS®: C14095078
Property Type: Single Family
Zoning: CR
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 650 ft²
Basement: None
Heating: Heat Pump, Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Pool: Yes
Condo Fee: $590/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,424.7/yr

Rooms

Main level

Kitchen: 3.51 x 2.95 meters
Living room: 6.2 x 2.79 meters
Dining room: 2.95 x 2.36 meters
Primary Bedroom: 3 x 2.34 meters
Bathroom: 3.53 x 1.78 meters
Laundry room: 0.91 x 0.86 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Intercom, Dishwasher, Stove, Dryer, Window Coverings
Exterior: Brick
Lot Features: Flat site, Elevator, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

18d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$737

List price

$479K

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 1-bed single family in Toronto (Waterfront Communities) has been listed for 18 days, which is 39 days fresher than the city average of 57. Act while there is still low competition.

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Listed by ROYAL LEPAGE STATE REALTY · COLETTE REJEANNE COOPER

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5E)

This home lists at $479,000, about 4.9× the local median household income of $98,000.

Carrying it typically needs a household income of about $93,565 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $98,000
Population: 11,779
Median age: 34.4
Owner / renter: 42% / 58%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5E)

$479,000· $737/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $23,950

Min 5%50%

Mortgage payment$2,523/mo

↳ CMHC premium ($18,202 capitalized)

Property tax (est.)$202/mo

Condo fee$590/mo

Total monthly$3,315

Cash Needed to Close

Down payment (5%)$23,950

Land transfer tax$12,110

Est. closing costs$3,937

Total cash needed$39,997

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